Euroclear, the worlds largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions, has chosen BTs Managed Security Solutions, powered by BT Counterpane, to provide security monitoring and management services.
Initially, BT will provide security monitoring capabilities to Euroclear that will allow real-time monitoring, correlation and analysis of Euroclears security infrastructure and critical applications.
“Managing security systems requires specialist skills, thus we look forward to broadening our relationship with BT in this respect,” says
Wim Claeys, executive director, Euroclear. “Safeguarding client transaction processing, data and securities holdings, is a high priority for us; we are confident that BTs Managed Security Systems will move us even closer to zero-tolerance levels.”
“We have greater experience with more enterprise, government and proprietary networks than any other managed security solutions provider and our appointment by Euroclear further strengthens our business case for BTs Managed Security Solutions, powered by BT Counterpane,” says Luis Alvarez, president of EMEA and Latin America, BT global services. “Euroclear was particularly impressed by our market knowledge, consistency of approach and ability to cost-effectively improve various aspects of their security services.”
The appointment of BT by Euroclear follows a competitive tender process leading to the selection of two companies, and with the initial term of the contract being three years.